Summary: CoinSpot is the better cryptocurrency exchange compared to Digital Surge. This is because they offer lower fees, cryptocurrency staking and more features overall.
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Digital Surge and CoinSpot Overview
CoinSpot and Digital Surge are two of the most popular instant swap cryptocurrency exchanges in Australia. Both platforms offer over 300 different cryptos to buy, sell, trade and swap with low fees for Australian Dollars (AUD).
This guide is designed to help you compare Digital Surge vs CoinSpot to determine which platform is best for you.
Digital Surge offers the lowest instant swap trading fee in Australia at 0.5% per trade. However, this is the only way to trade cryptocurrencies on their platform.
CoinSpot offers fees that start at 0.1% through their Market Order feature, which is a way to buy cryptocurrency using an order book. This is a significantly cheaper way to buy large cap cryptocurrencies like Bitcoin and Ethereum.
The only advantage Digital Surge has vs CoinSpot is the face that CoinSpot’s instant buy feature charges 1% - which is double the cost of Digital Surge.
AUD Deposit Methods
CoinSpot has many more deposit methods than Digital Surge. Both platforms support basic AUD deposit methods like Bank Transfers and PayID/Osko, but CoinSpot has extra methods like cash and BPAY.
Digital Surge and CoinSpot Features
Digital Surge is a very basic buy, sell and swap cryptocurrency exchange. Their key features only enable investors to buy, sell and hold over 300 different digital assets.
CoinSpot is the most feature rich cryptocurrency exchange in Australia. They have instant buy/sell, market orders, advanced order types, SMSF support and most importantly cryptocurrency staking. The CoinSpot platform allows investors to earn up to 50% interest on assets locked in their staking page.
Digital Surge vs CoinSpot: Final Verdict
The flexibility of the CoinSpot trading platform is unrivalled in Australia. They have advanced order types for investors looking to buy large cap assets for 0.1% fees, an easy user interface with instant swap and the ability to stake cryptocurrencies to earn yield.
With that said, we believe CoinSpot is the superior platform when it comes to every single metric except for the instant swap fee. For more information, read our CoinSpot Review or Digital Surge Review.